Support and Resistance Breakout Indicator MT4
- Indicatori
- Eda Kaya
- Versione: 1.3
Support Resistance Breakout Indicator (SRBAI) download for MetaTrader 4
The Support Resistance Breakout Indicator (SRBAI) available for MetaTrader 4 (MT4) is designed to highlight significant pivot zones by mapping support and resistance levels on the price chart.
Blue dashed lines represent support zones, while red dashed lines indicate resistance levels. Once the price breaks through a support area, the indicator generates a sell alert with a red downward-pointing arrow. Conversely, a resistance breakout triggers a buy signal, marked with a blue upward-pointing arrow.
«Indicator Installation & User Guide»
MT4 Indicator Installation | Support and Resistance Breakout Indicator MT5 | ALL Products By TradingFinderLab | Best MT4 Indicator: Refined Order Block Indicator for MT4 | Best MT4 Utility: Trade Assistant Expert TF MT4 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT4 | Money Management: Easy Trade Manager MT4
Indicator Overview
Category | Support & Resistance – Trade Signals – Learning Tools |
Platform | MetaTrader 4 |
User Level | Novice – Intermediate – Professional |
Indicator Type | Reactive – Breakout-Based |
Timeframes | M1 – M5 – M15 – M30 – H1 – H4 |
Trading Approach | Scalping – Intraday – Daily |
Markets | Forex – Digital Assets – Equities |
How the SRBAI Indicator Functions
The SRBAI tool assists traders in recognizing areas where breakouts from key support or resistance levels occur. The system automatically identifies these critical breakout moments and responds by issuing actionable trade signals.
Resistance Breakout Scenario
On a 1-hour Gold (XAUUSD) chart, when the red-marked resistance zone is breached, a blue buy signal is triggered, signaling potential upward momentum.
Support Breakout Scenario
On a 30-minute chart of the NASDAQ (NAS100), if the price drops below the blue-highlighted support line, the indicator places a red sell arrow to signal possible downward continuation.
Configuration Options
To enhance signal reliability, users may activate an optional RSI_CCI_Filter for additional confirmation:
- RSI_CCI_Filter – Enables CCI and RSI-based filtering.
- RSI_Period – Defines the number of candles for RSI calculation.
- RSI_Overbought – Level for identifying overbought conditions.
- RSI_Oversold – Threshold for detecting oversold areas.
- CCI_Period – Candle count for computing the CCI.
- CCI_Buy / CCI_Sell – CCI thresholds that trigger trade entries.
- Alerts – Activates trade alerts.
- Alert_On_Close – Sends alerts only after candle close for confirmation.
Conclusion
The Support Resistance Breakout Indicator (SRBAI) is a robust MetaTrader 4 solution that combines breakout detection with momentum-based confirmation from RSI and CCI tools. It is especially beneficial for traders seeking reliable signals across various market conditions.